TBX vs. UUP
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and Invesco DB US Dollar Index Bullish Fund (UUP).
TBX and UUP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011. UUP is a passively managed fund by Invesco that tracks the performance of the Deutsche Bank Long US Dollar Index (USDX) Futures Index. It was launched on Feb 20, 2007. Both TBX and UUP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBX or UUP.
Performance
TBX vs. UUP - Performance Comparison
Returns By Period
In the year-to-date period, TBX achieves a 6.52% return, which is significantly lower than UUP's 10.45% return. Over the past 10 years, TBX has underperformed UUP with an annualized return of 0.56%, while UUP has yielded a comparatively higher 3.52% annualized return.
TBX
6.52%
2.50%
1.27%
2.99%
3.95%
0.56%
UUP
10.45%
3.07%
4.62%
8.97%
4.08%
3.52%
Key characteristics
| TBX | UUP | |
|---|---|---|
| Sharpe Ratio | 0.40 | 1.45 |
| Sortino Ratio | 0.62 | 2.19 |
| Omega Ratio | 1.07 | 1.26 |
| Calmar Ratio | 0.11 | 1.52 |
| Martin Ratio | 0.97 | 5.51 |
| Ulcer Index | 3.02% | 1.57% |
| Daily Std Dev | 7.39% | 5.95% |
| Max Drawdown | -41.04% | -22.19% |
| Current Drawdown | -20.13% | -0.63% |
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TBX vs. UUP - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is higher than UUP's 0.75% expense ratio.
Correlation
The correlation between TBX and UUP is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
TBX vs. UUP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and Invesco DB US Dollar Index Bullish Fund (UUP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
TBX vs. UUP - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 5.48%, less than UUP's 5.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 5.48% | 4.06% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.84% | 6.45% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Drawdowns
TBX vs. UUP - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for TBX and UUP. For additional features, visit the drawdowns tool.
Volatility
TBX vs. UUP - Volatility Comparison
The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 2.10%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 2.42%. This indicates that TBX experiences smaller price fluctuations and is considered to be less risky than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.